UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 10-Q


       QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
                              EXCHANGE ACT OF 1934

                For the Quarterly Period Ended September 30, 2003

                        Commission File Number 001-15977

                             TIGER TELEMATICS, INC.
             (Exact name of registrant as specified in its charter)

                 Delaware                                    13-4051167
     (State or other jurisdiction of                       (IRS Employer
      Incorporation or organization)                    Identification Number)

  10201 Centurion Parkway North Ste. 600                       32255
              Jacksonville, FL
 (Address of principal executive offices)                    (Zip Code)

                                 (904) 279-9240
              (Registrant's telephone number, including area code)


Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

                                    Yes  x           No
                                        ---             ---

Indicate the number of shares  outstanding  of each of the  issuer's  classes of
common stock, as of the latest practicable date.

                                                     Outstanding as of
Class                                                March 31, 2004
---------------------------                          ---------------------------
Common Stock, Par                                    316,216,415
Value $0.001 per share



<PAGE>

                                    CONTENTS

                                                                        Page
                                                                        ----


Financial Statements
     Condensed Consolidated Balance Sheets                               F-1
     Condensed Consolidated Statements of Operations                  F-2 - F-3
     Condensed Consolidated Statement of Stockholders' Deficit           F-4
     Condensed Consolidated Statements of Cash Flow                   F-5 - F-6

     Notes to Condensed Consolidated Financial Statements             F-7 - F-21







<PAGE>
<TABLE>
<CAPTION>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                      CONDENSED CONSOLIDATED BALANCE SHEETS

                                                            September 30,       December 31,
                                                                 2003               2002
                                                             (unaudited)
                                                           ---------------    ---------------
<S>                                                        <C>                <C>
Assets
Current Assets
        Cash                                               $       225,818    $        (1,672)
        Accounts receivable, less allowance for doubtful
            Accounts, September 30, 2003 $0; December
            31, 2002 $0                                             24,783            116,648
        Advances to officers and employees                            --                 --
        Inventories                                                 80,616            195,576
        Prepaid expenses and deferred income                        74,493             83,545
        Assets of discontinued operations                             --              517,210
                                                           ---------------    ---------------
        Total Current Assets                                       405,710            911,308
Property and Equipment, net                                        223,318            237,196

Deposits and Other Assets                                             --                 --
                                                           ---------------    ---------------
        Total Assets                                       $       629,028    $     1,148,504
                                                           ===============    ===============

Liabilities and Stockholders' Deficit
Current Liabilities
       Accounts payable                                    $     2,588,305    $     1,449,326
       Amounts due stockholders                                    638,594          1,210,785
       Notes payable                                                53,835             86,262
       Accrued expenses                                          1,886,667          1,961,085
       Customer deposits                                              --                 --
       Liabilities of discontinued operations                    1,090,646          1,572,855
                                                           ---------------    ---------------
                       Total current liabilities                 6,258,047          6,280,313
                                                           ---------------    ---------------

Long term debt                                                     159,945            175,736
Stockholders' Deficit
      Common stock, at par value                                   129,164             73,813
      Authorized 250,000,000 shares, issued 95,572,647
       September 30, 2003; Authorized 100,0000,000
       80,186,426 December 31, 2002 shares

      Additional paid in capital                                12,120,400         10,279,953
      Subscription receivable                                         --                  (36)
      Accumulated deficit                                      (18,038,528)       (15,661,275)
                                                           ---------------    ---------------
                                                                (5,788,964)        (5,307,545)
                                                           ---------------    ---------------

                                                           $       629,028    $     1,148,504
                                                           ===============    ===============

</TABLE>

                                       F-1
<PAGE>
<TABLE>
<CAPTION>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (unaudited)


                                                        Three Months ended September 30,
                                                     ------------------------------------
                                                            2003                2002
                                                     ----------------    ----------------
<S>                                                  <C>                 <C>

Net sales                                            $           (230)   $        152,080
Cost of goods sold                                             (9,557)            222,721
                                                     ----------------    ----------------
               Gross Profit                                    (9,327)            (70,641)
                                                     ----------------    ----------------

Operating expenses
      Selling expense                                         106,948             203,681
      General and administrative expense                    1,034,948           1,206,935
                                                     ----------------    ----------------
               Total Operating Expenses                     1,141,896           1,410,616
                                                     ----------------    ----------------

               Operating loss                              (1,151,223)         (1,481,257)
                                                     ----------------    ----------------

Other income (expense)
      Impairment of goodwill                                     --             1,000,000
      Currency Translation Adjustment                        (275,141)            (24,837)
      Interest expense                                        (11,475)             (1,685)
                                                     ----------------    ----------------
                                                             (286,616)         (1,026,522)
                                                     ----------------    ----------------
Loss from continuing operations                            (1,437,838)         (2,507,779)

Loss from discontinued operations                                --                  --
                                                     ----------------    ----------------
               Net loss                              $     (1,437,838)   $     (2,507,779)
                                                     ================    ================

               Basic and diluted net loss per
                 common share                        $       (0.01250)   $        (0.0345)
                                                     ================    ================
               Basic and diluted net loss from
                 Continuing operations per share     $       (0.01250)   $        (0.0345)
                                                     ================    ================

               Weighted average shares outstanding
                  (Basic and diluted)                     115,744,598          72,779,189
                                                     ================    ================

</TABLE>

See Notes to Consolidated Financial Statements.

                                       F-2
<PAGE>
<TABLE>
<CAPTION>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
                                   (unaudited)


                                                        Nine Months ended September 30,
                                                     ------------------------------------
                                                            2003                2002
                                                     ----------------    ----------------
<S>                                                  <C>                 <C>

Net sales                                            $         (8,477)   $        181,663
Cost of goods sold                                            (13,859)            295,362
                                                     ----------------    ----------------
               Gross Profit                                    (5,381)           (113,699
                                                     ----------------    ----------------

Operating expenses
      Selling expense                                         165,709             452,842
      General and administrative expense                    1,940,034           4,060,279
                                                     ----------------    ----------------
               Total Operating Expenses                     2,105,743           4,513,121
                                                     ----------------    ----------------

               Operating loss                              (2,111,124)         (4,626,820)
                                                     ----------------    ----------------

Other income (expense)
      Impairment of goodwill                                     --            (4,714,818)
      Currency Translation Adjustment                        (230,056)            (73,328)
      Interest expense                                        (35,853)            (40,305)
                                                     ----------------    ----------------
                                                             (265,909)         (4,828,451)
                                                     ----------------    ----------------
Loss from continuing operations                            (2,377,033)       (9,455,271))

Loss from discontinued operations                                --              (353,430)
                                                     ----------------    ----------------
               Net loss                              $     (2,377,033)   $     (9,808,701)
                                                     ================    ================

               Basic and diluted net loss per
                 common share                        $       (0.02264)   $        (0.1437)
                                                     ================    ================
               Basic and diluted net loss from
                 Continuing operations per share     $       (0.02264)   $        (0.1385)
                                                     ================    ================

               Weighted average shares outstanding
                  (Basic and diluted)                     105,055,207          68,260,192
                                                     ================    ================

</TABLE>

See Notes to Consolidated Financial Statements.

                                       F-3
<PAGE>
<TABLE>
<CAPTION>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
             CONDENSED CONSOLIDATED STATEMENT STOCKHOLDERS' DEFICIT
                                   (unaudited)


                                                   Common Stock           Additional
                                                   ------------             Paid in     Subscriptions   Accumulated        Total
                                              Shares          Amount        Capital      Receivable       Deficit         Deficit
                                           ------------   ------------   ------------   ------------   ------------    ------------
<S>                                        <C>            <C>            <C>            <C>            <C>             <C>

Balance (deficit) at December 31, 2002       80,186,426   $     73,813   $ 10,279,953   $        (36)  $(15,661,275)   $ (5,307,545)

Issuance of common stock and warrants        30,986,548         35,401        901,261             36           --           936,698
Funds received and no agreements
 estimated shares to be issued (**)(***)      4,292,983           --          214,649           --             --           214,649
Common Stock issued in satisfaction of
 Obligations                                  6,140,000          6,140        145,960           --             --           152,100
Common stock issued in settlement of a
 dispute as adjusted for agreement
 (previously included in capital but shown
 as not issued)                               2,400,000          2,400        249,400           --             --           251,800
Funds received and agreements but shares
 issued at the beginning of the next
 quarter***                                  11,410,591         11,411        329,178           --             --           340,589

Net Loss                                           --             --             --             --       (2,377,253)     (2,377,253)
                                           ------------   ------------   ------------   ------------   ------------    ------------
Balance (deficit) at September 30, 2003*    135,416,548        129,164   $ 12,120,401   $         36   $(18,038,528)   $ (5,788,962)
                                           ============   ============   ============   ============   ============    ============

</TABLE>

*  excludes 500,000 actually issued but not considered issued for statement
   purposes. See footnotes.
** Par value not computed since number of shares is approximate
***Shares issued in 4th quarter but shown as issued now for financial  statement
   purposes

See Notes to Consolidated Financial Statements.













                                       F-4
<PAGE>
<TABLE>
<CAPTION>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
                                   (unaudited)
                                                                         Nine Months ended September 30,
                                                                        --------------------------------
                                                                              2003              2002
                                                                        --------------    --------------
<S>                                                                     <C>               <C>
Cash Flows From Operating Activities
    Net loss                                                            $   (2,377,033)   $   (9,808,701)
    Adjustments to reconcile net loss to net cash used in
    Operating activities:
        Depreciation and Amortization                                           52,140            91,155
        Currency translation adjustments                                       230,056            73,328
        Changes in assets and liabilities                                    1,224,472         2,530,067
        Interest on notes payable and stockholder loans
          Capitalized to principal balances                                       --              23,144
        Write down of deposit                                                     --             100,000
        Impairment of goodwill on asset acquisition                               --           4,714,818
        Obligations paid with common stock                                     403,900           930,000
                                                                        --------------    --------------
                Net cash used in operating activities                         (466,455)       (1,346,189)

Cash Flows From Investing Activities
    Cash received from acquisition of Tiger Telematics                            --                 787
    Advances to Comworxx                                                          --             (50,000)
    Proceeds from sale of property and equipment                                  --
    Purchase of property and equipment                                         (38,262)          (68,367)
    Collection of advances to officers and employees                              --              26,029
    (Increase) decrease in deposits and other assets                              --             146,802
                                                                        --------------    --------------
Net cash (used in) provided by investing activities                            (38,262)           55,251
                                                                        --------------    --------------
Cash Flows From Financing Activities from continuing
operations

    Issuance of common stock and warrants                                    1,491,936           876,673
    Interest on Notes payable                                                     --                --
    Advances to employees                                                         --                --
    Loans and advances from stockholders                                          --           1,056,907
    Increase in excess of outstanding checks and bank balances                (187,538)         (163,129)
    Repayments to stockholders                                                (572,191)         (479,513)
                                                                        --------------    --------------
                Net cash provided by used in financing activities              732,207         1,290,938
                                                                        --------------    --------------
                Net change in cash                                             227,490              --

Cash:
    Beginning                                                                   (1,672)             --
                                                                        ==============    ==============
    Ending                                                              $      225,818              --
                                                                        ==============    ==============

Supplemental Disclosure of Cash Flow Information
    Cash paid for interest                                              $       35,853    $       15,476
                                                                        ==============    ==============
Supplemental Disclosure of Non-cash Investing and Financing
       Activities
        Common Stock issued in payment of obligations                   $      403,900    $      930,000
                                                                        ==============    ==============
        Common Stock issued in exchange for subscriptions receivable    $         --      $         --
                                                                        ==============    ==============
        Conversion of Notes Payable and Amounts Due
         Stockholders into Common Stock                                 $         --      $      922,723
                                                                        ==============    ==============

                                       F-5
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
            CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS CONTINUED
                                   (unaudited)


                                                                              2003              2002
Acquisition of Tiger Telematics:
     Working capital acquired, net of cash $787                         $         --             144,917
      Distribution Agreement                                                      --           2,800,000
      Order Book                                                                  --             463,050
      Property and Equipment                                                      --               1,463
     Amounts due to stockholders                                                  --            (610,190)
     Common Stock issued                                                          --          (2,800,000)
                                                                        --------------    --------------
     Cash received                                                      $         --                 787
                                                                        ==============    ==============




                                                                              2003              2002
Acquisition of Comworxx, Inc.:
     Working capital acquired,                                                    --            (957,063)

       Property and equipment                                                     --             280,629
       Goodwill                                                                   --           3,714,818
       Other assets                                                               --              15,470
       Notes payable assumed                                                      --              (8,664)
     Common Stock issued                                                          --          (3,045,190)
                                                                        --------------    --------------
     Cash received                                                      $         --                --
                                                                        ==============    ==============

</TABLE>





See Notes to Consolidated Financial Statements.

                                      F-6
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE A - BASIS OF PRESENTATION

The condensed consolidated financial statements as of September 30, 2003 and the
three months and nine months ended  September 30, 2003 and 2002 included  herein
have been  prepared by the  Company,  without  audit,  pursuant to the rules and
regulations of the Securities and Exchange  Commission.  Certain information and
footnote  disclosures  normally  included in  financial  statements  prepared in
accordance with accounting principles generally accepted in the United States of
America have been condensed or omitted  pursuant to such rules and  regulations.
In the  opinion  of  management,  all  adjustments,  consisting  only of  normal
recurring  adjustments,  necessary  for a fair  presentation  of  the  financial
information  for  the  periods   indicated  have  been  included.   For  further
information   regarding  the  company's  accounting   policies,   refer  to  the
consolidated  financial  statements  and related notes included in the company's
Annual  Report on form 10-K for the year ended  December 31, 2002 and 2001.  The
condensed   consolidated  financial  statements  for  the  third  quarter  ended
September 30, 2003 were reviewed by UK outside  independent  accountants and not
fully reviewed in  consolidation  .Upon completion by accountants the statements
will be amended to this Form 10Q will be made as appropriate.

The balance sheet at December 31, 2002 is derived from the financial  statements
in Annual Report on Form 10-K for the year ended  December 31, 2002. The Company
decided to file that Form 10K report  without  those  audit  opinions  and amend
subsequently  with those  opinions  in order to provide  the most up to date and
current information to its shareholders and investors. The Company believes that
based on the extent of work completed to date, that the financial statements and
associated  balance sheet contained herein will not be materially altered in the
amended Annual Report on Form 10K. The consolidated financial statements include
the accounts of Tiger  Telematics,  Inc, the public held parent  company,  Tiger
Telematics,  USA, Inc.( a near dormant  subsidiary,  Tiger  Telematics,  Europe,
Ltd.,  beginning  December  2002 and the  operations of Tiger  Telematics,  Ltd.
through the  December 17, 2002 date of its  divesture  when sold to an unrelated
third party  corporation  based in Sweden and the  discontinued  operations  of,
Floor Decor LLC, and Media Flooring, Inc. through the date of their divesture on
August 8, 2003.  The Company  started Tiger  Telematics  Europe Ltd. in December
2002 and a related entity  Childtracker Ltd. that was a development  entity that
existed  as a part  of  Tiger  Telematics,  Ltd.  to  focus  on  developing  new
Telematics  products  including next generation  fleet telematic  products,  the
child tracker products,  the gaming products now called Gizmondo and to focus on
marketing  principally  in the UK. At Tiger Europe Ltd.  transactions  have been
included for the  Childtracker  Ltd.  subsidiary  that were considered a part of
Tiger Europe Ltd. since the transactions were principally  entered into and done
for the use and benefit of Tiger Europe Ltd. for  financial  reporting  purposes
but for which the UK company based on advise of outside independent  accountants
will  need  to  prepare  annual   statutory   statements  for  each  entity  and
Childtracker  Ltd.  will  be  dissolved  as  a  separate  entity.  All  material
intercompany  accounts and  transactions  are eliminated in  consolidation.  The
Company that is was  imperative  to release its  quarterly  results with updated
subsequent events notes, even if a subsequent amendment is required, in order to
provide as much up to date accurate financial information to investors while the
Report on Form 10K is being completed for Year ended December 31, 2003.

NOTE B - REVERSE ACQUISITION AND EQUITY TRANSACTIONS

As of December 31, 2000 Floor Decor ( the Company's name prior to June 2002) had
1,000 shares of common stock  authorized and 378 shares issued and  outstanding.
The Company  issued an additional  622 shares of common stock on January 1, 2001
at a cost of $1 per share. As a result of these additional  shares being issued,
the Company had 1,000 shares of common stock  authorized and 1,000 shares issued
and  outstanding  as of March 31,  2001  prior to the  reverse  acquisition  (as
described below) on May 22, 2001.

                                       F-7
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

On May 22, 2001,  a  purchasing  group led by A.J.  Nassar  acquired  21,900,000
shares of the common  stock of Media  Communications  Group,  Inc.  ("MCGI")  in
exchange for all of the outstanding common shares of Floor Decor, Inc. to become
the owner of  approximately  40% of the issued and  outstanding  common stock of
MCGI  pursuant to an agreement  including the merger of Floor Decor into a newly
formed wholly owned subsidiary of the Company. Prior to the acquisition of Floor
Decor,  MCGI was a "public shell"  company,  with no  significant  operations or
assets.  The  acquisition  of  Floor  Decor  was  accounted  for  as  a  reverse
acquisition.  Under a reverse acquisition, Floor Decor is treated for accounting
purposes as having  acquired  MCGI and the  historical  financial  statements of
Floor Decor become the  historical  financial  statements of MCGI. In accounting
for the reverse acquisition, the equity of Floor Decor, as the surviving company
is  recapitalized.  Also,  upon  the  closing  of  the  reverse  acquisition  an
obligation to an original MCGI vendor for $4,931 was assumed.

To compute the loss per share for the three  months and nine  months  ended June
30,  20001,  the  54,236,664  shares  outstanding  at the  date  of the  reverse
acquisition  was  assumed to be  outstanding  since  July 3,  2000,  the date of
inception of the Company.

Since the Company had a loss for all periods  presented,  basic and diluted loss
per common  share are equal.  The Company has not included  7,218,592  potential
common shares relating to outstanding common warrants as of June30,  2003 in the
calculation  of the diluted  earnings  per share for the six months  ended 2003,
because their effect would be  antidilutive.  In addition,  the warrants expired
without exercise in December 2003.

During the 1st quarter of 2002 the Company sold  2,512,450  shares of its Common
Stock as part of the private placement  transaction  initiated in December 2001.
These  shares  were sold at $ 0.40 per  share.  For each  share of Common  Stock
purchased,  the  investor  also  received  a warrant  representing  the right to
purchase  one  additional  share of  Common  Stock at a price of $0.75 per share
exercisable  through  December  31,  2003.  Proceeds  from these  sales,  net of
advisory  fees  totaling  $128,307,  amounted  to  $876,673.  The  Company has a
disputed  agreement  with an advisor  for  consulting  services.  For  financial
reporting  purposes  this was treated as earned but not issued.  In May 2003 the
dispute was resolved and the shares are shown as issued in the nine months ended
September 30, 2003 Financial Statements, see page F-3 Consolidated Statements of
Stockholder's Deficit.

                                       F-8
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

During the 1st quarter of 2002, the company sold 2,512,450  shares of its Common
Stock as part of the private placement  transaction  initiated in December 2001.
These  shares  were  sold at $0.40 per  share.  For each  share of Common  Stock
purchased,  the  investor  also  received  a warrant  representing  the right to
purchase  one  additional  share of  Common  Stock at a price of $0.75 per share
exercisable  through  December  21,  2003.  Proceeds  form these  sales,  net of
advisory  fees  totaling  $128,307,  amounted to  $876,673.  The  aforementioned
warrants expired as the end of December 2003.

The Company had an agreement with an advisor for consulting services.  Under the
agreement, the Company was to issue 2,400,000 shares of stock, which were valued
at $810,000. For financial reporting purposes this was treated as earned but not
issued.  In May 2003, the shares were issued  pursuant to a settlement  with the
advisor that also settled  certain other  contingent  obligations.  See page F-5
Consolidated Statements of Stockholder's Deficit. and Note K Subsequent Events.

During  the 1st  quarter of 2002,  certain  stockholders  and  others  converted
$922,733 of notes payable and amounts due to stockholders  into 2,306,809 shares
of Common Stock. For each share of Common Stock purchased,  they also received a
warrant  representing the right to purchase one additional share of Common Stock
at a price of $.075 per share exercisable through December 31, 2003. The company
also agreed to issue  warrants to purchase  416,000  shares of Common Stock at a
price of $0.75 per share  exercisable  through December 2003 as advisory fees in
connection  with these stock sales.  These warrants were not issued at that time
due to unresolved issues with the advisor.  In May 2003 the dispute was resolved
in a settlement  where the company did not have to issue the warrants.  See also
Note K  Subsequent  Events.  In October  2002,  certain  stockholders  converted
$455,761  of debt to  equity  at $.010  per  share.  See Note C-  Related  Party
Transactions.

During first  quarter  2003,  the Company  issued  2,990,000  common  shares for
various goods  services  rendered by advisors and  consultants.  The shares were
recorded at the market  price of the shares in the public  market as of the date
of the individual  issuances.  The stock was issued in amounts of either $.03 or
$.04 per share to  reflect  the  market  price  for  shares at the time for each
transaction.  In aggregate the Company  recorded an expense of $93,100 to record
these transactions in first quarter ended March 31, 2003. No commission was paid
or reimbursement of expenses in regards to any share  transaction in 1st quarter
2003.

In second quarter 2003, in order to obtain various goods and services  including
consulting  services,  the Company issued 450,000 shares for services  valued at
the then market rate of $.03 per share and expensed  $15,000.  All of the shares
by  the  Company  issued  were  restricted  stock  subject  to  Rule  144 of the
Securities  Act.  The Company  settled its  dispute  with an equity  advisor and
issued  2,400,000 as discussed in Note C Equity  Transactions.  The  transaction
included a release of all indebtedness including unpaid accrued expenses, actual
or alleged  by the  advisor as respect  to the  Company.  The  Company  issued 1
million  shares to convert  urgent demand note debt  obligations  for $10,000 at
$.01  per  share  price.  The  Company  issued  8,046,221  in  shares  to  raise
(pound)175,000  converted at $290,309 for use in its UK  subsidiary  for working
capital  and  product  development  expenses.  The shares were issued in private
placement transactions to qualified investors or strategic partners or providers
of services and goods to the Company.  Pursuant to  subscription  agreements  to
sophisticated  or accredited or foreign  investors or  corporations at per share
prices  ranging from $.02 to $.04 per share  recorded as the market price of the
stock at the time of the  transaction or at the rate agreed to in the respective
agreements if appropriate.

                                       F-9
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

In third  quarter,  2003,  the  Company  issued  1,700,000  shares for goods and
services at the market  rate of $.02 per share at the time  issued and  expensed
$34,000 for the  services.  The Company  issued  22,940,327  in common shares in
private placement  transactions to qualified  investors of strategic partners or
providers of services and goods to the Company to rise as converted into dollars
from  sterling  $600,889  for use  primarily  in its UK  subsidiary  for working
capital and product  development  expenses.  The shares were issued  pursuant to
subscription  agreements to sophisticated or accredited or foreign  investors or
foreign  corporations  at per share prices  ranging from $.01 to $.04 per share.
The financial  statements also recorded  $340,589 or 11,410,591 shares for which
the cash was  received  late in the quarter  along with the actual  subscription
agreements but due to timing issues,  the common shares were not actually issued
until  after  quarter  end but show in the  financial  statements  as issued for
reporting purposes.  The Company also received $214,649 in cash prior to quarter
end for shares for which the  subscription  agreements  were not  received as of
quarter ended  September 30, 2003 and the amount of the share price is estimated
for financial statement  purposes.  The actual amount will be moved from paid in
capital  to common  stock as  necessary  in the next  financial  statement  time
period.  All of the common  shares  described  above were recorded as the market
price of the stock at the time of the  transaction  or at the rate  agreed to in
the respective agreement if appropriate. In some instances, due to the timing of
the receipt of funds and the  associated  bank  confirmations  required from the
subsidiary  prior to issuing the  shares,  the shares may be issued in a quarter
following the actual receipt of funds as shown on the financial statements.

At a stockholders meeting as (properly adjourned) on May 9, 2003 shareholders of
the  company  approved  an  increase  in  authorized  shares  authorized  by  an
additional  150,000 shares from 100,000 shares to a new total  authorized of 250
million shares  effective as of that date. An additional  increase in authorized
capital occurred in early 2004, see Note K Subsequent Events.

Subsequent equity transactions were entered into in the quarters following third
2003 which are discussed in the Footnote K Subsequent Events.

NOTE C - RELATED PARTY TRANSACTIONS

As of September  30, 2003,  the Company had 15% demand notes  totaling  $53,834,
payable to certain  current or previous  stockholders  (combined  ownership less
than 1%).

The  Company  also had  non-interest  bearing  notes  and non  interest  bearing
advances of $ 638,594 as of September 30, 2003 payable to stockholders in the UK
including the two former Tiger Telematics Ltd. stockholders  (combined ownership
at the time of the original transaction of over 10% of the Company. As discussed
in Note F,  $610,190  of the actual  advances  owed  prior to October  2002 were
previously  converted  into  Common  Stock and  warrants  in October  2002.  The
warrants expired in December 31, 2003.

A  shareholder  borrowed  some of the funds  advanced to the Company (with funds
going to the Tiger Telematics,  Ltd.  subsidiary) from a private investment bank
London  International  Mercantile Bank, based in London. The shareholders failed
to repay the note when due. The  investment  firm made demand on the  subsidiary
Tiger Ltd. to repay the funds since Tiger Ltd. was the beneficiary of the funds.
The Company  maintained  that it was not  responsible  for that  obligation  and
responded to the demand  accordingly.  The Company showed the obligations to its
shareholder on the financial statement. The Tiger Telematics,  Ltd. entered into
a settlement  agreement  Court approved as a Tomblin Order where the demand note
to the  shareholder  was forgiven by the shareholder in exchange for the company
entering into an installment note to be paid over time directly with the private
investment  bank in the same amount as forgiven  by the  shareholder  of 290,000
sterling.  The shareholder remained contingently obligated for the sum owed plus
interest in event that the payment was not made timely by tiger Telematics, Ltd.


                                      F-10
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The Company  issued a limited  conditional  guaranty for the  obligation  to the
private bank. The settlement agreement called for monthly payments at a variable
interest rate. Tiger Ltd. repaid approximately  $80,000 prior to the sale of the
business  on  December  17,  2002.  See  Note K.  Following  the  sale of  Tiger
Telematics,  Ltd.  the Company was apprised  that the Tiger Ltd.  renamed by the
acquirer to Eagle Eye was placed in liquidation insolvency under the laws of the
United  Kingdom by LIM for  failure  to make the  payments  required  under this
arrangement.  The private  investment firm made demand on the Company as respect
to the  guarantee  but has made no  attempt to  collect  on the  guaranty  as it
pursues its direct remedies  against the sold Tiger Ltd. Company and against the
original borrower of the funds. The private  investment bank also has collateral
provided  by the  original  borrower  of  common  stock  of the  Company  in the
aggregate sum of 3,500,000  proved by the original  borrower to secure the funds
as well as certain  real estate  owned by the  original  borrower.  Therefore no
additional  provision  has  been  made  in  the  financial  statements  for  any
contingent liability as respect to the guarantee since the Company believes that
the private  investment firm will be able to recover such amounts  guaranteed by
the company from the exercise of its rights against the  respective  collateral,
although no assurances can be given that this will occur.

The Company has received inquiries from persons who maintain that they have made
an  investment  in the  Company  for which the  Company has no records and which
appear to be private transactions among various shareholders.  Legal counsel has
looked  into the  circumstances  surrounding  each  inquiry in late 2002.  Legal
counsel  has  advised  that some  transactions  may have  taken  place in the UK
related the Tiger Telematics,  Ltd. prior to its acquisition by the company.  It
is possible that fund raisers reportedly associated with Tiger Ltd. prior to its
acquisition  by the Company on February  4, 2002 may have raised  funds  through
various private ventures. These transactions did not involve the Company and its
officers or directors the company believes that such transactions  should not be
reflected on the financial  statements of the Company and therefore no provision
has been made for these alleged investments.

At a special meeting of  stockholders on July 31, 2001, the  stockholders of the
Company  voted in favor of the adoption of the  Company's  2001  Employee  Stock
Option Plan ("The Plan").  The total number of shares of common stock  available
for grant under the Plan is  8,000,000  shares.  As of  December  31,  2001,  no
employees  had been  granted  options  under the Plan.  As of December  31, 2002
3,600,000 of options have been granted  under the plan.  All of the options were
issued  pursuant to the plan at the  prevailing  market prices as of the date of
issue of $.06. As of quarter ended June 30, 2003 2,700,000 shares of the options
had vested with a further  vesting of 900,000 shares  occurring on February 2004
(occurred) and to vest 900,000 in February 2005.

As of December 31, 2002 the company  owed an  executive  officer and director of
the company  approximately $50,000 comprised of $38,000 of salary and $12,000 of
reimbursable  expenses  incurred on behalf of the Company.  As of March 31, 2003
the  Company  owed that same  executive  officer  and a director  of the company
approximately   $79,000  comprised  of  approximately   $72,000  of  salary  and
approximately $7,000 of reimbursable expenses incurred on behalf of the Company.
As of June 30, 2003, the Company owed the same executive  officer and a director
of the Company  approximately  $135,603  comprised of approximately  $128,154 of
salary and approximately  $7,449 of reimbursable  expenses incurred on behalf of
the Company.

As of September  30, 2003,  the Company  owed the same  executive  officer and a
director  of the  Company  approximately  $132,357  comprised  of  approximately
$132,357 of salary and  approximately  $0 of reimbursable  expenses  incurred on
behalf of the Company.

Total interest  expense on stockholder  debt amounted to $2,196 and $8,935,  for
the three months and nine month periods ended September 30, 2003 respectively.

In May 2003 the  company  borrowed  $10,000 in a  convertible  demand  loan with
interest of $500. for 20 days in order to meet working  capital needs.  The loan
provides  that it in event it is not  timely  repaid as due it can be  converted
into  restricted 144 Rule common stock of the company at the lowest quoted price
for the Company's  shares or the lowest  conversion  price or shares issuance by
the  Company  at the  discretion  of the  creditor.  In June  2003  the loan was
converted into common stock of the Company at the rate of $.01 per share.


                                      F-11
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The Company  borrowed  approximately  $187,000 from a shareholder of the Company
who is associated with Tiger Telematics,  Europe,  Ltd. The loan is evidenced by
non-interest  bearing  promissory notes. Those shares were converted into common
stock in 4th quarter  2003,  see Note k Subsequent  Events.  That person  became
affiliated with the Company in April 2004 as a Head of Investor  Relations in an
agreement unrelated to the above transactions. Additional share transaction with
that person also occurred in 2004.

Certain additional related party transactions occurred in quarters following the
third quarters that are reported in Footnote K Subsequent events.

NOTE D - INCOME TAX MATTERS

The Company has net operating loss carry forwards for United States Tax purposes
as of September 30, 2003 for federal income tax purposes of  approximately  $14.
million  expiring  in 2021.  Any future  benefit to be  realized  from these net
operating  loss and  contribution  carry  forwards is dependent upon the Company
earning sufficient future income taxable in the United States during the periods
that the carry  forwards are  available.  The loss carry  forwards  also contain
restrictions on the type of taxable income that they can be used to offset.  Due
to these  uncertainties,  the Company has fully offset any deferred tax benefits
otherwise  relating to the net  operating  loss carry  forward  with a valuation
allowance in the amount of  approximately  $5.0 million.  The Company has losses
off settable  against future income in the UK of $5.5 million  expiring in 2021.
Any future benefits to be realized from the losses is dependant upon the company
earnings  sufficient future taxable income in the UK during the periods that the
losses off settable are available.  Due to these  uncertainties  the Company has
fully  offset any deferred  tax  benefits  otherwise  relating to the losses off
settable  against  future  income  with a valuation  allowance  in the amount of
approximately $1.200,000.

NOTE E - NOTES PAYABLE

As of September  30,  2003,  the Company had a 10% note payable in the amount of
$53,834.

NOTE F - ACQUISITIONS.

TIGER TELEMATICS, LTD.

On February 4, 2002,  pursuant to a Stock Purchase Agreement between the Company
and Eagle Eye  Scandinavian  Distribution  Limited,  an English  private limited
company,  which  name the  Company  has  changed to Tiger  Telematics  (UK) Ltd.
("Tiger  Telematics"),  the Company  purchased all of the  outstanding  stock of
Tiger  Telematics in exchange for 7,000,000  shares of Floor Decor,  Inc. common
stock. Tiger Telematics is an early stage company engaged in the distribution of
telematics product.

The 7,000,000 shares of stock issued were valued at $0.40 per share.  This price
is the same price as the private placement transactions with investors that were
entered into from December 2001 through March 2002. This valued the stock issued
at $2,800,000. The negative equity of Tiger


                                      F-12
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Telematics  of  $463,050  as of the  acquisition  date  resulted in an excess of
acquisition cost over tangible asset value of $3,263,050.

The  excess of the  acquisition  price over the  tangible  asset  valuation  was
assigned to two intangible  assets.  $2,800,000 was ascribed to an order backlog
of open pending  orders for products for future  shipments over the next several
years.  This  amount  will be  amortized  as the orders are shipped on a prorata
basis.  The  remaining  amount of $463,050 was assigned to  distribution  rights
under a Distribution Agreement with Eagle Eye Telmatics, plc, which was executed
on October 19,  2001(see Form 10-K dated March 31, 2002,  exhibit  #21.1).  This
amount  will be  amortized  quarterly  over the 32 month  remaining  life of the
distribution agreement at the time of acquisition.

In third quarter 2002, the Company determined that the good will relative to the
order book was  impaired  due to the  failure  to ship the orders as  originally
projected to the customers and due to the change in Tiger Ltd.'s  business model
to derive its income from monthly  revenue  generated  by its  wireless  telecom
providers  partnership  arrangements as opposed to generating  revenue primarily
from the sale of hardwire.  The Company  wrote-off  $1,000,000  of impaired good
will in the quarter ended September 30, 2002.

In connection with this  acquisition,  the former Tiger Telematics  shareholders
agreed to convert  $610,190  of their  shareholder  debt into  Common  Stock and
warrants  to  purchase  common  stock at a price of $0.75 per share  exercisable
through December 31, 2003. The conversion rate was one share of common stock and
one warrant for every $0.40 of debt.  Although  initiated in August, the debt of
$610, 190 was actually converted in October 2002 into 1,525,475 shares of Common
Stock and 1,525,475 Warrants. The warrants expired in December 2003 and were not
exercised.  In December 2003 the Company sold the common stock of the Tiger Ltd.
Company to an  unrelated  third party based in Sweden that is in the business of
selling and installing telephone equipment in vehicle fleets. See Report of Form
8K dated January 2003.  The agreement  called for the transfer of certain assets
and debt from Tiger Ltd. to Tiger Europe prior to closing.  The  transaction was
done in exchange for a Royalty  Agreement from the buyer and Tiger Ltd. to pay a
percentage of sales over the next 10 years. Due to the uncertainty of the future
payments the Company placed a zero value on the agreement and did not record the
future stream of payments on the balance  sheet.  In order to record the sale of
Tiger Ltd.  transaction  the company wrote off its books the remainder  value of
the  intangible  assets  of  $2,103,830  comprised  of the  sold  order  book of
$1,800,000 and the sold distribution agreement of $303,830.

The  Company  was  advised  that Eagle Eye  Scandinavian  Distribution  Ltd.)the
renamed Tiger Telematics,  Ltd.) was placed in insolvency liquidation during 1st
quarter of 2003 by a certain  creditor of the Ltd.  company.  See note C Related
Party Transactions.  No provisions have been made to the financial statements as
a result of this action since the company did not record the  receivable  on the
balance sheet as noted above.

COMWORXX, INC.
--------------

On June 25, 2002,  pursuant to a Purchase Agreement between the Company's wholly
owned  subsidiary  Tiger  USA,  Inc  and  Comworxx,   Inc.,  a  private  Florida
incorporated  company, the Company formed a new wholly owned subsidiary Comworxx
Acquisition Corporation which name the Company has changed post closing to Tiger
Telematics USA. ("Tiger USA").  Tiger USA purchased all of the assets of Comworx
in  exchange  for  4,263,266  shares of Tiger  Telematics,  Inc.  common  stock.
Comworxx was an early stage  company  engaged in beginning the  distribution  of
telematics  product  to the  United  States  consumer  market.  Comworxx  assets
included license agreements and intellectual properties.

Pursuant to the terms of the purchase  agreement the  4,263,266  shares of stock
issued were valued at $1.00 per share;  provided  however  that if the price per
share of Tiger  Common  Stock sold in the next equity  financing in Tiger Raises
gross  proceeds  of at least $3 million is less than $1.00 per share the assumed
purchase  price  shall be  reduced  to the price  per  share in the next  equity
financing and provided  further however that is the new equity  financing is not
consummated by September 1, 2002 the assumed price shall be reduced to $.035. If
the purchase price is reduced to less than $1.00 per share of Tiger Inc.  common
stock.  Tiger will have to issue such additional shares as necessary so that the
total number of shares of Tiger Common Stock issued  pursuant to this provision,
is equal to the quotient,  rounded to the nearest  whole  number,  of $4,263,266
divided by the final assumed  purchase price.  The maximum number of shares that
would be issued under this formula  would be  12,180,760.  The Company  recorded
this transaction as if the maximum number of shares will be issued, resulting in
the recording of 7,917,494  contingent  shares. The Company valued the shares at
$.25 per share,  which was the trading  price at the date if purchase,  giving a
purchase  price of  $3,045,190.  Based on a post  acquisition  review  of assets
reserves were made to inventory, receivables and property plant and equipment to
equal the current  estimated  value as of the  acquisition  date.  The  reserves
created an additional  excess of  liabilities  over tangible  assets.  The total
excess of liabilities over tangible assets of Comworxx  acquired  resulted in an
additional good will of $669,628.

                                      F-13
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The  excess of the  acquisition  price over the  tangible  asset  valuation  was
assigned  to  three  intangible  assets.   Although  the  acquisition   included
intellectual  property  and  license  agreements  due  to  the  position  in the
marketplace and funding issues  associated with the acquisition,  agreements the
Company believes that the good will is impaired as of June 30, 2002. The company
wrote off all of the goodwill of  $3,714,818 in the quarter ended June 30, 2002.
The Company believes that the seller of the assets may have  misrepresented  the
nature of the assets and the viability of the associated business at the time of
the transaction.  As a result the Company has retained independent legal counsel
to advice it of its rights  against  the  shareholders  of the seller to recover
certain sums or to rescind the entire  transaction.  The Company does not intend
to issue the contingent shares referred to above until a final determination has
been made as to the potential  causes of action against the seller.  The company
has entered into substantial  substantive  discussions with ComRoad respect to a
settlement  of all  outstanding  obligations  claims and counter  claims for the
issuance of common shares as noted in Note K Subsequent Events.

NOTE G.    LEASE IN THE UK

On April 26, 2002 the company  entered into a Lease Agreement with Christian and
Timbers UK Ltd. for office premises for its subsidiary  Tiger Telematics Ltd. in
London,  United  Kingdom.  The lease has a term of five years.  The Company will
satisfy its  obligation  to pay rent for the first year of the term of the lease
by  issuing  500,000  shares of Floor  Decor's  Common  Stock.  If the  Landlord
liquidates  the  Shares  in the  first  year of the  term of the  Lease  and the
aggregate  net  proceeds  of sale  arising  from such sale or sales is less than
(pound)126,018.75 (or the US Dollar equivalent using the mid range exchange rate
prevailing  on the date of actual  receipt of the said  proceeds  of sale by the
Landlord) the Tenant shall forthwith pay to the Landlord the difference  between
(pound)126,018.75 and the said proceeds in cash. The second and subsequent years
of the term of the lease shall be paid in cash.  The company  has  recorded  the
full amount due for the first year of the lease as a liability of $182,636 based
on the conversion  rate the date the lease was  consummated.  The 500,000 shares
issued to them are not considered issued for financial  reporting purposes until
such time as they are actually sold into the market by the landlord or until the
liquidation  guarantee is expired.  These shares of commons  stock have not been
sold as of the date of this  report  have not been sold.  In  December  2002 the
Company sold the Tiger Ltd.  company.  The sold company Tiger Ltd.  subsequently
defaulted  on the lease  arrangement  with  Christian  and  Timbers who sued the
Company  pursuant to the guarantee in the summer of 2003. The Company retained a
provision  on the balance  sheet as of June 30, 2003 for $300,000 to reflect its
best estimate of the obligation.

In October 2003 the company entered into a judgment  stipulation for $300,000 to
settle all obligations under the guarantee.  The Company has made payments under
the obligation in 2004 to the date of this financial statement.


                                      F-14
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


NOTE H - SEGMENT INFORMATION

During  the first  nine  months of 2002 the  Company  operated  in the  flooring
business in Florida,  (including the period of first six months of 2002),  now a
discontinued   operation  and  in  the  telematics   product   development   and
distribution business in Europe.

   o  Flooring Retail and Installation- now a discontinued operation

   o  Telematic product development and distribution

The  accounting  policies  of the  reportable  segments  are the  same as  those
referred  to  in  Notes  A.  In  June  6,  2002,   the  company   announced  the
discontinuation  of the  flooring  segment  and sold the assets of the  flooring
business on August 9, 2002.  As a result the company is not  disclosing  segment
information  as it has only one segment in Telematics  product  development  and
distribution.

NOTE I - DISCONTINUED OPERATIONS:
In June  2002  the  Company  entered  into a plan  to  dispose  of its  flooring
business.  The flooring  business was subsequently sold on August 9, 2002. As of
June 30, 2002, the Company  accounted for the flooring segment as a discontinued
segment.  Assets of 0 and  liabilities  of  $1,090,474  relating to the flooring
business  as of  September  30,  2003  have  been  aggregated  on the  condensed
consolidated balance sheet.

A summary of the assets and  liabilities  as of September  30, 2003 and December
31, 2002 is as follows:


Assets:                           September 30, 2003      December 31, 2002
                                  ------------------     ------------------
  Accounts receivable             $             --       $          517,210
                                  ------------------     ------------------
    Total assets                  $             --       $          517,210
                                  ==================     ==================
Liabilities:
  Notes payable                   $             --       $          273,763
  Accounts payable contingent                418,474                575,000
  Other accruals                             672,171                724,092
                                  ------------------     ------------------
                                  $        1,090,474     $        1,572,855
                                  ==================     ==================


Revenue included in loss from discontinued operations amounted to $2,163,158 and
$3,777,000 and $298,000 for the twelve months ended December 31, 2002,  2001 and
2000 respectively.


                                      F-15
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

On August 9, 2002, the Company sold its flooring  business to a purchasing group
headed  up  by a  former  officer  of  the  Company.  The  Company  sold  assets
aggregating   $1,152,698,   and  had  the  buyer  assume  liabilities   totaling
$1,243,135.  The Company will remain  theoretically  contingently  liable on the
liabilities  until such time as the  acquirers  pay them off. In  addition,  the
purchaser has assumed two non balance sheet operating  leases for buildings with
annual rents of approximately $459,480 a year that were assumed without landlord
consents.   These  leases   expire  August  31,  2005  and  September  30,  2005
respectively.  Should the purchaser not meet these obligations they might become
the obligations of the company.  A former  shareholder and former officer of the
company,  who has since  filed a  personal  Chapter  11  bankruptcy,  personally
guaranteed  these  leases.  As of  December  31,  2003 the  accounts  receivable
$633,475  represents  the  obligation  of  the  acquirer  to pay  the  remaining
liabilities  of  discontinued  obligations  that were  assumed and for which the
company  is  contingently  liable.  Due to the  bankruptcy  of the  buyer of the
assets,  the Company made a provision  for $383,475  for the  write-down  of the
receivable  from MINIME that  represented  payments to  creditors  for which the
Company  may be  contingently  liable.  The company  also made a  provision  for
$376,292 and for  $295,879  for the two leases that were assumed by MINIME.  The
total  provision was for  $1,055,745 in year ended December 31, 2002 The Company
is  uncertain  as to its  liability  since  one of the  leases  and  most of the
outstanding  obligations for payables are to a subsidiary of a subsidiary of the
Company. On April 9, 2003 the buyer of the flooring assets MINIME doing business
as Floor  Decor  LLC.  Filed a Chapter  11  bankruptcy.  On April 17,  2003 they
conducted a Bankruptcy  Court  authorized  liquidation sale of the assets of the
business.  As of April  30,  2003  they  ceased  operation  and are no longer in
business.  In June 2003 the bankruptcy court dismissed the case since all assets
of the entity had been  disposed of  pursuant to  bankruptcy  court  order.  The
provision  represents the remaining  amounts due under the lease  agreements for
which the company  may be  contingently  liable  despite  the  protections  from
liability provided in the Asset Purchase Agreement. As a result of the dismissal
of the bankruptcy case the company believes that it has no further liability for
the accrued  leases but  continues to maintain the reserve until such time as it
can obtain a legal  opinion as to the same.  This was after the  liquidation  of
MINIME and the Floor Decor LLC.  paid off certain  creditors.  The provision was
adjusted  to the best  estimate  of amounts  based on records  available  to the
Company.  The  $1,090,645  represents  the two  aforementioned  leases and other
unpaid  obligations of the LLC to various  creditors.  The dismissal of the case
may free the Company from any  contingent  liabilities  in the case. The Company
believes that it is not responsible  for these  obligations but has retained the
provision for these potential  liabilities  until it can be assured of the same.
The Company is carrying the contingencies until such time it can settle with the
parties or pass the time for which it obligations remain owed  contingently.  In
See note K Subsequent Events.

Revenue  included  in  loss  from  discontinued  operations  amounted  to $0 and
$1,815,056 for the three months ended September 30, 2003 and 2002 respectively.

NOTE J - BUSINESS CONSIDERATIONS

For the year ended  December 31, 2002,  the Company  incurred net losses of over
$13  million.  For the first nine months of 2003,  the losses  were  $2,377,000.
Although  approximately  $7  million  of the loss in 2002 was from the  non-cash
write-down  of impaired  good will,  the Company  had  negative  cash flows from
operating  activities  for the year ended  December 31, 2002 and  negative  cash
flows from the operations  although the cash flow from operating  activities for
the first nine  months of 2003 of  $(466,455)  although  improving  in the third
quarter 3003 due to a reduction in assets and an increase in liabilities.

                                      F-16
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The negative cash flows from  operations,  as well as the costs  associated with
the Tiger Telematics Ltd.  acquisition and the acquisition of assets of Comworxx
further strained the Company's cash flow in 2002. Since the Company was not able
to generate  positive  net cash flows from  operations,  additional  capital was
needed. During 2002 the Company entered into private placement transactions with
individual investors. In these private placement transactions,  the Company sold
shares of its common  stock and  warrants  to raise  approximately  $876,000  of
equity, as disclosed in note C. During the same period,  stockholders  converted
approximately  $923,000 of debt into equity of the Company.  Stockholders of the
company  continued  to support  the  operation  in late 2002 and early 2003 with
substantial loans to sustain operations as reported and note C.

Additional  common  shares  were  issued  in the  first  nine  months of 2003 as
detailed in the Note C, Equity  Transactions  to sustain  operations  and in the
remaining quarters since then, see Note K Subsequent Events. The issuance of the
common  shares  permitted  the  Company to raise  funds and  obtained  goods and
services that continued the operations of the Company.  The Company  continually
monitors  operating  costs and will take steps to reduce  these costs to improve
cash flow from  operations  if  necessary.  The Company is  continually  seeking
sources of new  capital to aid the  implementation  of its  business  plan.  The
Company has  continually  raised funds in 2003 from the issuance of common stock
shares see not K  Subsequent  Events.  The Company  continues to seek equity and
bank financing  from various  sources.  However,  there can be no assurance that
additional financing, capital or other form of debt financing will be available,
or if  available on terms  reasonably  acceptable  to the  Company.  The company
continued to issue shares of Common Stock in first nine months of 2003 and up to
the date of this filing in May 2004 to settle obligations due for payment and to
secure necessary services.

The Company plans to continue the product development and distribution  business
in the UK. This is going forward as planned but slower than anticipated due to a
lack of funding.  The Company is concluding  development of its next  generation
fleet  product and its new GPS  products  including  Gametrac  recently  renamed
Gizmondo.  The  company  has  mothballed  and then  disposed  of the  assets and
business of its  acquired  assets of Comworxx  (acquired on June 25, 2002 by the
wholly owned subsidiary  Tiger USA. The Company wrote off its entire  investment
in the purchase agreement in 2002. The Company hired legal counsel to advise its
rights  and  causes  of  action  against  the  seller  of  the  assets  and  its
shareholders possible misrepresentations in the purchase agreement that a viable
business existed.  The Company has entered into substantial serious negotiations
with the sellers and continues  actively in such  discussions  where the Company
will issue common shares to settle the open issues.

The Company's  ability to continue as a going concern is totally  dependent upon
its  ability to raise  sufficient  equity or debt  capital to  accomplish  these
objectives and to offset any future  operating losses that may be incurred until
positive cash flows can be generated from  operations.  In the current  economic
environment this has not been easy task.  Management intends to raise capital by
issuing  shares as required to fund working  capital needs although there are no
assurances of success.

NOTE K. -  SUBSEQUENT EVENTS.

Below is the summary of major  subsequent  events since the  September  30, 2003
date of the financial  statements  included herein to the date of this filing in
early May 2004. It is not inclusive of all events but represents  selected major
ones deemed appropriate to provide information in this report.

1. Equity  transactions.  Common  shares  issued for goods and  services and for
financing the company's working capital needs.

In fourth  quarter,  2003,  the Company  issued  4,537,500  shares for goods and
services  at the  market  rate of $.02 to $.05 per share at the time  issued and
expensed $142,875 for the services. $100,000 of the services related to advisory
services in the UK related to some of the share  subscription  agreements issued
below.  The Company  issued  29,514,300  in common  shares in private  placement
transactions  to  qualified  investors  of  strategic  partners or  providers of
services and goods to the Company to raise cash as  converted  into dollars from
sterling  $1,503,997 for use primarily in its UK subsidiary for working  capital
and  product  development  expenses.  A  portion  of the  shares  were for funds
received  in the  prior  quarter.  In some  instances  due to the  timing of the
receipt  of  funds  and the  associated  bank  confirmations  required  from the
subsidiary  prior to issuing the  shares,  the shares may be issued in a quarter
following the actual receipt of funds as shown on the financial statements.  The

                                      F-17
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Company  raised an  additional  $1,600,000  in late 4th quarter for which shares
were not issued  until after year end 2003.  The shares were issued  pursuant to
subscription  agreements to sophisticated or accredited or foreign  investors or
foreign  corporations  at per share prices  ranging from $.01 to $.05 per share.
The shares  were  recorded  as the market  price of the stock at the time of the
transaction or at the rate agreed to in the respective agreement if appropriate.
The company  converted  debt to holders  unrelated  to the Company in any way in
separate agreements with the respective parties for 851,300 shares or $36,027 of
debt at a rate  ranging  from  $.02 to $.05 as  negotiated  with the  respective
parties who were represented by independent counsel.

In 1st  quarter,  2004,  the  Company  issued  10,585,000  shares  for goods and
services  at the  market  rate of $.02 to $.05 per share at the time  issued and
expensed $305.383 for the services. Five million of the shares were issued to an
employee  of the  Gametrac  subsidiary.  $125,000  of the  services  related  to
advisory services in the UK related to some of the share subscription agreements
issued below and were issued to a  stockholder  who is currently a consultant to
the Gametrac  Europe Ltd  subsidiary.  The Company  issued  58,053,778 in common
shares in private  placement  transactions  to qualified  investors of strategic
partners  or  providers  of  services  and goods to the Company to raise cash as
converted  into dollars from  sterling  $2,977,833  for use  primarily in its UK
subsidiary for working capital and product development expenses. The shares were
issued pursuant to  subscription  agreements to  sophisticated  or accredited or
foreign investors or foreign  corporations at per share prices ranging from $.03
to $.20 per share.  The shares were recorded as the market price of the stock at
the time of the transaction or at the rate agreed to in the respective agreement
if  appropriate.  There was also a debt  conversion of $45,000  agreed to in 4th
quarter 2003 and completed in January 2004 for the issuance of 1,125,000  shares
at a  negotiated  sum of $.04  per  share.  The  Company  raised  an  additional
$1,500,000  in first  quarter 2004 which was  contributed  to the Company by two
corporate  shareholders,  with some  affiliation to the Company,  who sold their
restricted  common share  position in the Company in private  transactions,  for
which the Company  entered into an agreement to replace the common shares at the
same per share price that the two firms sold their common  shares of the Company
to various unrelated private investors.

In second  quarter  2004 the  Company  continued  to raise  capital  through the
placement  of common  shares  through  subscription  agreements  and other  debt
conversions  in a similar manner as was done in the previous  quarters  detailed
above although a number of the  transactions are in various stages of completion
as of the date of this filing.

As to all sales of  unregistered  securities at the time of each issuance,  each
investor or recipient of unregistered  securities was either a foreign corporate
investor  or an  accredited  investor or a  sophisticated  investor or a foreign
investor  exempt  from the  Securities  Acts  requirements.  Each had  access to
financial   information   available  in  public  markets  and  was  offered  the
opportunity  to review any documents  that they  requested  prior to making said
investment.

2. Tiger Telematics - Loans from stockholders.

During the fourth  quarter of 2003 the company  converted  the then  outstanding
debt to stockholders of the UK Ltd.  company to common stock at the rate of $.02
which  was the  market  price  of the  common  stock  as of the  date  that  the
agreements  were entered into in August 2004 with the numerous  debt holders for
debt of (pound)886,000 at the time converted at 1.58 to $1,400,000.  The Company
issued  70  million  shares of common  stock in the  conversion  of this debt to
common stock. The debt conversion  negotiated  based on arms length  transaction
did involve  certain  officer and  directors  of the Company and or its Gametrac
Europe Ltd subsidiary. In addition the Company converted certain additional debt
owed to a non-officer non director  shareholder whom the Company was indebted to
for  (pound)143,500  converted  at 1.58 to $226,730 and issued at $.02 per share
11,336,500  million  shares of its common stock.  That person became  affiliated
with the Company in April 2004 as a Head of Investor  Relations  in an agreement
unrelated to the above  transactions.  Additional  share  transaction  with that
person occurred in second quarter 2004.

                                      F-18
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

3. Shareholder approval of increase in authorized share capitalization.

At  a  stockholders   meeting  as  (properly  adjourned)  on  January  16,  2004
shareholders of the company approved an increase in authorized shares authorized
by an additional 250,000 shares from 250,000 shares to a new total authorized of
500 million shares effective as of that date.

4. Press releases on product development progress,  strategic partners and other
developments of the Company.

In order to accomplish  the difficult  task of converting the Gametrac idea into
an actual  product,  the Company  over the past seven  months,  has entered into
several  strategic   partnerships  with  some  of  the  most  reputable  design,
engineering,  software,  manufacturing,  and public  relations  companies in the
world.  Below is a  compilation  of  strategic  relationships  that the  company
announced in various public press releases since third quarter 2003 to date.

In the third quarter 2003 the Company entered into a joint venture with Plextek,
one of the largest independent electrical design and consulting firms in the UK.
Within weeks, a strategic partnership was formed with Synergenix Interactive AB,
regarding the use of Morphum games on Gametrac's mobile gaming platform.

The  Company  entered  into a  strategic  partnership  with  Intrinsyc  Software
International,  a Microsoft Gold Level Windows Embedded Partner,  and elected to
utilize Windows CE.NET as Gametrac's  operating  system.  Working  together with
Xilinx,  another huge firm that's widely  respected  throughout the  electronics
industry,  Plextek and Intrinsyc  produced for the Company the initial  Gametrac
units that were displayed at the 2004 Consumer  Electronics Show in Las Vegas in
January 2004.

The Company announced  collaboration with Fathammer Alliance, a leading supplier
of advanced 3D graphics and game technologies for mobile platforms,  a move that
that  the  Company  believes  will  assure  that  the  quality  of the  games is
consistent with the quality of the device.

A strategic partnership between the Company and MINICK was announced. MINICK has
already  built one of the largest  premium  messaging  networks  in Europe,  and
operates  its own SMS & MMS centers that  connect  directly to mobile  networks.
This  partnership  sets the stage for Gametrac  units serving as a platform that
allows the Company's Smart Advertising (Smart Adds) service.

Then  in late  February  2004  it was  announced  that  Gametrac  will be  using
Samsung's  world-class  S3C2440  Mobile  Applications  Processor.   The  Company
believes  that  Samsung,  known  for its  distinguished  multimedia  and  gaming
experience,  was an  excellent  addition  to the team and will help  assure that
Gametrac's performance remains one of the fastest on the market.

In early March the Company announced its plans to use a cutting-edge audio IC, a
single  chip  MIDI  synthesizer,  that's  made  by  respected  audio  specialist
Micronas,  a move that will provide  Gametrac units with notably  superior audio
quality.

The Company  announced its  attendance at industry  shows where the new handheld
device has been displayed  including  CeBit in Hanover Germany in March 2004 and
the yet to be held E-3 in Los Angeles in May 2004.

In March  2004 the  Company  created  a new  wholly  owned  Delaware  subsidiary
Gametrac USA Inc. to handle future  marketing and potential  distribution if and
when the Company determines to launch the product in the United States. The unit
has not been made operational to date.

                                      F-19
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

On the production front, the Company announced in mid-December that Celestica, a
huge  and  respected  worldwide  leader  in  delivering  innovative  electronics
manufacturing  services  (EMS),  will be providing  Gametrac with  manufacturing
services.

In late March 2004 the Company signed an agreement with CATIC, a giant State-Run
Chinese  conglomerate,  which  involved  "...  sales,  distribution,   technical
support, and numerous other joint ventures for all Chinese regions,"

In  early  April  the  Company  announced  that it had  selected  Ogilvy  Public
Relations Worldwide as its Agency of Record. Ogilvy currently represents some of
the most  reputable  companies in the  consumer-oriented  electronics  industry,
including but not limited to Cisco, Dell, HP, Microsoft, NCR, Oracle and Xilinx.

In May 2004,  the Company has plans to display its product at the industry trade
show E-3 show in Los Angeles,  California from May 12-14,  2003. It has expended
funds to date on the  display and plans  attendance  by  approximately  10 staff
members of the company.

The  Company has some funds  expended in  developing  several  related  concepts
associated with marketing its Gizmondo device related to game development, music
and film. The Company has also negotiated for potential  acquisitions of related
entities involving game development and modeling but no definitive  arrangements
have yet been agreed to. The Company has entered  into an agreement to sponsor a
formula one driver as a part of marketing the Gizmondo,  which will be announced
in the  near  future  when  all  aspects  of the  agreement  are  concluded  and
finalized.

5.  Litigation.

In March 2004 Jordan  Grand Prix Ltd.  filed suit  against the Company in the UK
alleging violation of the Sponsorship Agreement entered into between the Company
and Jordan Racing in July 17, 2003 and a related Letter  Agreement dated in July
2003. The  sponsorship  agreement was meant to assist in marketing the companies
new hand held gaming  device and to correspond  with its launch.  The launch was
delayed from its anticipated time frame.  Jordan sued the Company for $3 million
and alleges  that the Company  defaulted  in a payment due on January 1, 2003 of
$500,000 under the  sponsorship  agreement and a payment for $250,000 due on the
same date under a separate  letter  agreement.  On February 26, 2004 Jordan sent
the  Company  a letter  where  they  formally  and  officially  terminated  both
agreements for the aforementioned alleged defaults. The Company believes that it
has good  defenses  to the suit and has  filed a  defense  in UK  courts  and is
considering  filing a  countersuit  against  Jordan  Racing in the matter in the
upcoming  months.  The  Company is  contemplating  the  filing of a  countersuit
against the plaintiff.  The Company anticipates a filing for Summary Judgment by
the  plaintiff.  If the  judge  finds  in favor of the  plaintiff  an  immediate
judgment  against the Company for some amount would occur. The Company is unable
to predict the outcome of such litigation. As no amounts were due as of the date
of these  financial  statements,  no  provision  has been made on the  financial
statements for this litigation.

In March 2004, the Company and it's Gametrac Europe Ltd. subsidiary were sued in
the UK in a  trademark  infringement  suit by IN 2 Games Ltd.  to  recover  over
(pound)150,000  alleging  that  the use of the  project  name  Gametrac  for its
multi-entertainment  handheld  device  that  is in  development  and  the use of
Gametrac in the name of the subsidiary was an infringement  on their  registered
trademark in the UK "Gametrak". The company contested the suit and anticipates a
speedy  resolution as it agreed to a trial currently  scheduled to begin May 24,
2004 in an agreement  between it and In2 Games Ltd.  approved by the court.  The
Company had previously  planned to announce the name of its new device in May at
E-3 show in LA but went  forward and  announced  the new name  Gizmondo in April
2004.  The  company  has also taken  steps to remain the  Gametrac  Europe  Ltd.
subsidiary  to Gizmondo  Europe Ltd. The company  anticipates  that with the new
product name change announcement and its step to rename the subsidiary in the UK
that it will be able to resolve the  litigation on an amicable basis although no
assurances can be given. No provision has been made on the financial  statements
for the litigation.

                                      F-20
<PAGE>

                     TIGER TELEMATICS, INC. AND SUBSIDIARIES
                   NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

There are two vendors that have filed suit against the Gametrac Europe, Ltd. for
invoice  billings for services that the Company has retained  counsel to contest
the alleged  invoices.  The litigation is pending in UK courts.  The Company has
expensed the amounts of the invoices that it agrees is owed but has to date made
no provision for the other invoices that are contested. In addition, the Company
has received  invoices  from  several  corporations  for software  charges it is
maintained that the Company procured for use in current or previous  products of
the Company.  The company is  investigating  the  circumstances  surrounding the
invoices to determine the appropriate  provisions to make, if any, regarding the
same.

The impact of the above  litigations,  contested  suits and alleged  obligations
could in aggregate have a material affect on the Company's operating results and
financial  position  for the 4th quarter of 2003 and or the 1st quarter of 2004,
if the outcome of the litigations or investigations is adverse to the Company.








                                      F-21
<PAGE>

Item 2. Management's  Discussion and Analysis of Financial Condition and Results
of Operations

This report contains  forward-looking  statements  within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 23E of the Securities
Act of 1934,  as amended.  These  statements  relate to future  events or future
financial  performance.  Any  statements  contained  in this report that are not
statements of historical fact may be deemed to be forward-looking statements. In
some cases,  forward-looking statements can be identified by terminology such as
"may," "will," "should," "expect," "plan,"  "anticipate,"  "intend",  "believe,"
"estimate,"  "predict," "potential" or "continue," or the negative of such terms
or other comparable terminology.  These statements are only predictions.  Actual
events or results may differ materially.

Although  the  Company   believes  that  the   expectations   reflected  in  the
forward-looking  statements are reasonable,  the Company cannot guarantee future
results, levels of activity, performance or achievements.  Moreover, neither the
Company, nor any other person or entity, assumes responsibility for the accuracy
and  completeness  of the  forward-looking  statements.  The Company is under no
obligation to update any of the  forward-looking  statements after the filing of
this Form 10-Q to conform such statements to actual results or to changes in the
Company's expectations.

The  following  discussion  should  be read in  conjunction  with the  Company's
financial  statements,   related  notes  and  the  other  financial  information
appearing  elsewhere  in this Form 10-Q.  Readers  are also  urged to  carefully
review and consider the various disclosures made by the Company which attempt to
advise interested parties of the factors which affect the Company's business.

General

Overview

In May of  2001  the  Company  completed  a  reverse  shell  merger  with  Media
Communications  Group, Inc.  ("MCGI").  Prior to the acquisition of Floor Decor,
MCGI was a "public shell" company, with no significant operations or assets. The
acquisition of Floor Decor was accounted for as a reverse  acquisition.  Under a
reverse  acquisition,  Floor Decor is treated for accounting  purposes as having
acquired MCGI and the historical  financial statements of Floor Decor become the
historical  financial  statements  of MCGI.  Therefore,  all  references  to the
historical activities of the Company refer to the historical activities of Floor
Decor. Floor Decor changed its name to Tiger Telematics, Inc. on June 6, 2002.

Tiger  Telematics,  Inc. ("Tiger  Telematics" or "the Company"  previously named
Floor  Decor,  Inc.) is the parent  company of several  subsidiaries.  The first
subsidiary,  Media Flooring,  Inc., operating through its subsidiary Floor Decor
LLC, operates a flooring products sales and service business,  which represented
all of the business operations of the Company during 2001. The company announced
the  discontinuation of the flooring segment on June 6, 2002 and sold the assets
on August 9,  2002.  On  February  4,  2002,  the  Company  acquired  its second
subsidiary,  Tiger  Telematics  LTD, a UK company,  which  develops and provides
telematics products and services to the business-to-business  segment in Europe.
On June 29, 2002 the company set up its third  subsidiary  Tiger Telematics USA,
Inc. and it acquired  the assets and certain  liabilities  of  Comworxx,  Inc. a
Sarasota,  Florida based entity that provided telematic products and services to
the business to consumer segment in the United States.  That business  suspended
operations  in August 2002 and  disposed of its assets in 2nd quarter of 2003. .
In December  2003 the Company sold Tiger Ltd.  And started  Tiger Europe Ltd. to
develop Telematics and related products using the GPS function. Tiger Telematics
Europe Ltd.  was renamed  Gametrac  Europe Ltd. in the first six months 2003 and
has filed in the UK to change its name again to Gizmondo Europe Ltd.

<PAGE>

Telematics

On February 4, 2002, the Company  acquired Eagle Eye  Scandinavia  Distribution,
Ltd, and changed its name to Tiger  Telematics  Ltd. The  consideration  paid in
this  transaction  consisted  entirely of shares of the Company Common Stock, as
was  reported in the  Company's  Current  Report on Form 8-K dated  February 19,
2002.  The  business  was sold in  December  2002 but the company set up another
Company Tiger Europe Telematics, Ltd (rename Gametrac Europe Ltd. to continue to
develop and market telematic products.

Gametrac  Europe Ltd. is an early stage company  engaged in the  development and
distribution of telematics and related products.  Telematics  products allow the
wireless exchange or delivery of communication,  information,  and other content
between a vehicle and its  occupant,  and external  sources or  recipients.  The
telematics   industry  aggregates  the  functionality  and  content  of  various
industries including consumer electronics,  cellular and security devices, among
others, into a seamless service offering.

On June 25, 2002 the company created a wholly owned subsidiary Tiger Telematics,
USA, Inc. that acquired the assets and certain  liabilities  of Comworxx Inc. as
disclosed in the note G to financial statements. That subsidiary is currently in
a dormant state having disposed of the business and assets of the unit.

The  Company's  primary  focus  beginning in third  quarter 2003 has been on the
development of a new handheld  wireless  product  project name Gametrac that was
recently renamed Gzmondo.  In additional to being an exceptional  gaming device,
Gizmondo  also performs the  following  functions:  It serves as a movie player,
allowing  users to view  full-feature  videos using the unit's  built-in SD Card
slot; it functions as an MP3 player  permitting  users to download,  store,  and
listen to select audio files;  it's an SMS & MMS  messaging  facility  that lets
users  easily  send  text,  image,  and  music  files;  and it  sports  a  neat,
high-resolution digital camera.

Gizmondo's also equipped with a unique global positioning system; it's wired for
GSM tri-band networks so it can be used in 5 continents;  it supports  Bluetooth
wireless capabilities,  which allows not only multi-player competition, but also
makes connecting to any enabled device a snap; it has UBS capabilities; and with
its removable memory cards, it provides users with unlimited storage.

In addition to having more features than any competing  units,  Gizmondo's  also
equipped  with a 400  MHz  Samsung  processor  and a  built-in  64-bit  graphics
accelerator  and, it's the only mobile gaming unit that uses  Microsoft  Windows
(CE.NET) as its operating system.

The  Company  anticipates  bringing  the  Gizmondo  product to the market in the
summer of 2004 although  assurances  can be given.  The coming is focused on the
rapidly  growing  mobile  gaming  industry,  at this  point it's  impossible  to
reference any industry averages or trend rates because it's such a new industry.
At present,  it appears Gizmondo's primary competition will come from Sony's new
PSP and  Nintendo's  new  dual  screen  unit  called  DS.  Another  smaller  but
noteworthy  industry member is Tapwave,  with its PDA-like Zodiac models,  which
have mobile gaming  capabilities.  And Nokia with its gaming cell called N-Gage,
which Nokia is reportedly to re-design and eventually re-introduce.

<PAGE>

And while Sony and Nintendo  remain as truly  formidable  competitors  with much
more assets and capital then the  Company,  the Company  anticipates  for a much
earlier launch date than either one of them.

Three  months-ended  September  30,  2003  compared  to the three  months  ended
--------------------------------------------------------------------------------
September 30, 2002
------------------

Below is a summary of the  results of the  company  for the three  months  ended
September 30, 2003 compared to the three ended September 30, 2002.

Net  Sales:  The  Company's  net sales  were  $(230) in the three  months  ended
September  30,  2003,  compared  to  $152,000  for the same  period in 2002 from
continuing operations. This is principally due to not having unit sales from the
sold entity of Tiger  Ltd.(sold  in December  2002) that  reported  sales in the
comparable  period of the three  months ended  September  30 2002.  With the new
start up Tiger  Europe Ltd.  the company  was focused in third  quarter  2003 on
developing its handheld wireless multi-entertainment device now named Gizmondo.

Gross Profits: Gross profits were $(9,3277) for the three months ended September
30, 2003 compared to $(70,641)  for the same three months of 2002.  The decrease
was due to  having  sold the  Tiger  Ltd.  unit  that was  included  in the 2002
numbers.  The Company  also made an initial  investment  in a new child  tracker
product  that was  abandoned  later in 2003  when the focus  switched  to gaming
handheld entertainment device.

Selling  Expenses:  Selling and  marketing  expenses  for the three months ended
September 30, 2003 were $106,948  compared with 203,681 for the same time period
in 2002.  Much of the $96,733  reduction can be  attributed  from not having the
costs of the divested  Tiger Ltd.  which was in the numbers for the same quarter
of 2002 and the transformation of the company into a development  concern with a
focus on primarily product development of the Gizmondo. Most of this actual cost
in third  quarter 2003 related to the  establishment  of general  marketing  for
potential  orders for the Company's  Gizmondo  product and rental car Telematics
products. and a UK based motor bike.

General and Administrative Expenses: General and administrative expenses for the
three months ended September 30, 2003 were $1,034,945  compared to $1,206,935 or
down over $171,990. This decrease came from the lower costs with the divestiture
of Tiger ltd. in December  2002 and the  associated  staff  reductions  from the
sale.  In order  to  further  reduce  expenditures  the  Company  downsized  and
relocated its corporate office in late 2002 and continued to operate at a reduce
cost rate in 2003 third  quarter as  compared  to the same time  period in 2002.
Expenditures have been made in developing  several new products  including Child
Tracker devices (since  terminated) and gaming  handheld  devices.  All of these
costs are expensed as incurred and are not capitalized  for financial  reporting
purposes.  $119,215  was  expensed  as  specific  development  expenses in third
quarter  2003.   The  Company   anticipates  an  increase  in  its  general  and
administrative  expenses in future  periods as part of its  product  development
strategy.  $908,426 of the total $1,034.945 general and administrative  expenses
for the quarter was in the UK unit.

Other  Expenses:  Other  expenses for the three months ended  September 30, 2003
were $286,616  compared to $1,026,522  for the three months ended  September 30,
2002.  Most of the  reduction  was due to not having the  impairment of goodwill
write down of $1 million  that took pace  during the first nine  months of 2002.
Other  expenses  consisted of interest  expense on loans of $11,475 and currency
translation   adjustments  of  $275,141.  The  currency  translation  adjustment
accounted  for  virtually all of the increase in this category and is due to the
drop in the dollar currency relative to the sterling since the beginning of 2003
from carrying  foreign based assets on the balance  sheet.  The exchange rate at
the end of the quarter was 1.6771 as contrasted  with 1.5749 at the end of first
quarter  2003.  Interest in the three month period ended  September  30, 2003 of
$11,475.

<PAGE>

Net Loss from continuing  operations:  The Company reported an operating loss of
$(1,437,838)  in three  month  period  ended  September  30,  2003  compared  to
$(2,507,779)  for the same time  period  in 2002.  The loss was lower due to the
costs  associated  with the divested Tiger Ltd. no longer included in operations
since it was sold and the cost  reductions  undertaken in late 2003. In addition
there was no  write-down  of impaired  goodwill as occurred in 3rd quarter 2002.
Management  does  anticipate  that its  losses  in  future  quarters  will  grow
materially as it expenses  development cost for its new product of gaming device
Gizmondo.  The Company's management staff has been right sized and has expertise
and infrastructure to grow the Company rapidly. Management considers these costs
as an  investment  in setting the  Company in a position to grow  rapidly in the
near future.

Net  Loss  from  discontinued  operations:  The  Company  reported  a loss  from
discontinued  operations  of $0 in the three months ended  September 30, 2003 as
compared  to a $0 loss in the same time period in 2002.  On August 9, 2002,  the
company sold the assets of the flooring  segment  effectively  eliminating  that
segment going forward from that date.

Net Loss: The Company incurred a total loss of $(1,437,838) for the three months
ended  September  30,  2003  as  compared  to a loss  of  $(2,507,779)  for  the
comparable  three months of 2002.  The  difference  of  $1,069,941  reduction is
attributed  the  divestiture  of Tiger  Ltd.  and not having its losses in third
quarter 2003 results and the goodwill  write-down that occurred in third quarter
2002. There will bee no discontinued operation impacting 2003 going forward. The
UK subsidiary  will incur costs in the  development of its new Gizmondo  product
and in marketing its Telematics products. The anticipates that future net losses
per quarter will be  considerable  higher then in recent quarters as the company
increases  the  expenditures  in product  development  and  marketing  costs for
Gizmondo.

Nine months ended September 30, 2003 compared to the nine months ended September
--------------------------------------------------------------------------------
30, 2002
--------

Below is a summary  of the  results of the  company  for the nine  months  ended
September 30, 2003 compared to the ended September 30, 2002?

Net Sales:  The Company's net sales were $(8,477) in the first nine months ended
September  30,  2003  compared  to  $181,663  for the same  period  in 2002 from
continuing  operations.  The  negative  sales  were due to returns  from  client
trials. This reduction in sales from the nine months ended September 30, 2003 as
compared to the nine months ended  September 30, 2002 is principally  due to not
having unit sales from the sold entity of Tiger Ltd.(sold in December 2002) that
reported sales in the comparable  period of the first nine months of 2002.  With
Tiger  Europe  Ltd.  the company was focused in the first nine months of 2003 on
building its next generation of product with enhanced features and in developing
accounts  and doing trails in the rental car business  areas.  In first  quarter
2003  trials  were  under  way at a rental  car a  concern.  Those  trials  were
concluded  successfully  in second  quarter 2003 but a contract was not received
from the enterprise.

Gross  Profits:  Gross  profits were  $(5,381) for the first nine months of 2003
compared  to  $(113,699)  for the  first  nine  months  of 2002.  The  impact of
recording returns from trials created the negative gross margin.  The lower loss
was from not having the Tiger Ltd. numbers in the 2003 results.  The Company has
made an initial  investment  in a new child  tracker  product that was abandoned
later in 2003 when the focus switched to a gaming handheld  entertainment device
now named Gizmondo.

<PAGE>

Selling  Expenses:  Selling and marketing  expenses for the first nine months of
2003 were $165,709 compared with $452,842 for the same time period in 2002. Much
of the $287,133  reduction  can be  attributed  from not having the costs of the
divested  Tiger Ltd.  which was in the results for first nine months of 2002 and
the  transformation  of the company into a  development  concern with a focus on
selling to rental car concerns and developing new products such as the Gizmondo.
Most of this actual cost related to the  establishment  of potential  orders for
rental car  Telematics  products and a UK based motor bike company that produced
motor bikes in China.  Both of the  projects  have since been  dropped  from the
Company's plans for the future.

General and Administrative Expenses: General and administrative expenses for the
nine months ended September 30, 2003 were  $1,940,034  compared to $4,060,279 or
down  over  $2,120,245.  This  decrease  came  from  the  lower  costs  with the
divestiture of Tiger Ltd. in December 2002 and the associated  staff  reductions
from the sale. In order to further reduce expenditures the Company downsized and
relocated its corporate office in late 2002 and continued to operate at a reduce
cost rate in 2003 first nine months as compared to the same time period in 2002.
These  staff  reduction  have  reduced  costs and allowed the Company to sustain
operations but it delayed certain  filings with  regulatory  bodies and made the
Company's  control system extremely reliant on fewer persons than would normally
be the case. A significant  reason for actual costs  incurred in 2003 to date of
being a public company,  primarily fees for accounting,  legal, and professional
and consulting  services.  These fees were  approximately  $402,505 in the first
nine months of 2003  although  some of the expenses  were normal fees of running
any business.  Expenditures  were made configure the product to obtain to obtain
the  coveted  Thatcham Q class  rating for the  product.  This  rating may allow
insurance  companies  to  provide  a  discount  in costs  to  users  of  Tiger's
telematics  devices.  Expenditures  have been  made in  developing  several  new
products  including Child Tracker devices (since terminated) and gaming handheld
devices.  The Company expensed $148,611 of specifically  designated  development
expenses  in the first nine months of 2003.  All of these costs are  expensed as
incurred and are not capitalized for financial reporting  purposes.  The Company
anticipates  an increase in its  general and  administrative  expenses in future
periods as part of its product development strategy.

Other  Expenses:  Other expenses for the first nine months of 2003 were $265,909
as compared  to  $4,828,451  for the first nine months of 2002.  The bulk of the
difference was the impairment of good will write down in 2002 of $4,714,818 that
was not in 2003 numbers.  Other expenses  consisted of interest expense on loans
of $35,853 and  currency  translation  adjustments  of  $230,056.  The  currency
translation  adjustment  accounted  for  virtually  all of the  increase in this
category and is due to the drop in the dollar currency  relative to the sterling
since the beginning of the year and carrying foreign based assets on the balance
sheet. Interest in 2003 of $35,853 is $4,452 lower or about 11% less than in the
first nine months of 2002 as the company converted certain interest bearing debt
to common stock during the 4th quarter of 2002.

Net Loss from continuing  operations:  The Company reported an operating loss of
$(2,377,033)   in  the  nine  months  ended   September  30,  2003  compared  to
$(9,808,430)  for the same time  period  in 2002.  The loss was lower due to the
costs  associated  with the divested Tiger Ltd. no longer included in operations
since it was sold, not having the $(4,714,818)  write down of impaired  goodwill
that occurred in 2002 in the numbers for 2003 and the cost reductions undertaken
in late 2002. Management does anticipate that its losses in future quarters will
grow materially as it expenses  development cost for its new products of GPS and
gaming device Gizmondo.  The Company's management staff has been right sized and
has  expertise  and  infrastructure  to grow  the  Company  rapidly.  Management
considers  these costs as an  investment in setting the Company in a position to
grow rapidly in the near future.

Net  Loss  from  discontinued  operations:  The  Company  reported  a loss  from
discontinued  operations of $0 in the first nine months of 2003 as compared to a
$(353,430)  loss in the same time period in 2002. On August 9, 2002, the company
sold the assets of the flooring  segment  effectively  eliminating  that segment
going forward from that date.

<PAGE>

Net Loss: The Company  incurred a total loss of $(2,377,033)  for the first nine
months of 2003 as compared to a loss of  $(9,808,701)  for the first nine months
of 2002.  The  difference  of nearly  $7,431,668  reduction  is  attributed  the
divestiture of Tiger Ltd. and not having its losses in first nine months of 2003
results,  the elimination of the  $(4,714,818)  write down of impaired  goodwill
that  occurred  in 2002 and the cost  reductions  taken in late 2002 that helped
results  for  the  nine  months  ended  September  30,  2003.  There  will be no
discontinued  operation  impacting  2003 going forward.  The UK subsidiary  will
incur  costs  in the  development  of its  new  products  and in  marketing  its
Telematics products.  The anticipates that future net losses per quarter will be
considerable  higher  then  in  first  quarter  as  the  company  increases  the
expenditures in product development and marketing for Gizmondo.

LIQUIDITY AND CAPITAL RESOURCES
-------------------------------

The Company does not have any off-balance  sheet  arrangements  that have or are
reasonably likely to have a current or future effect on its financial condition,
revenues or expenses, results of operations,  liquidity, capital expenditures or
capital resources that are material to investors.

In 2002 and during 2003 the Company  funded its  operating  losses and  start-up
costs  principally with loans from stockholders or other parties and through the
issuance of shares of commons  stock.  Without  such equity  funding the Company
would not have been able to sustain its operations.

In the nine months ended  September  30, 2003,  the  Company's  working  capital
improved  slightly  This was the  result of in  current  assets,  consisting  of
decreases in accounts  receivable  of $91,867,  inventory  of $114,960,  prepaid
expenses  and  other  current  assets of  $9,052,  and  assets  of  discontinued
operations of $517,210,  offset by increases in current liabilities,  consisting
of increases in accounts  payable of $1,138,979,  accrued expenses of $(74,418),
and  increased by a reduction of  liabilities  to  stockholders  of $572,191 and
liabilities of discontinued  operations of $556,627.  $1,062,000 of the payables
relates to Tiger USA, and reflects contingent  liabilities  allegedly assumed in
the purchase  agreement.  These  liabilities are of the subsidiary Tiger USA and
may not be the obligations of Tiger Telematics, Inc although they are carried as
Accounts  Payable on the  Consolidated  Balance  Sheet.  As discussed in Note J.
Business Considerations to the Consolidated Financial Statements the Company has
hired a legal counsel to analyze and advice as to potential  liabilities arising
from the  purchase of the assets of Comworrx  and  associated  causes of actions
against  the seller and its  shareholders.  The  Company  has been in  continued
serious  recent  discussion  with  the  seller  regarding  a  settlement  of the
obligations.  Such  discussions  are near an agreement to issue shares of common
stock to settle the disputes.  Also, in the nine months ended September 30, 2003
the  amounts due  stockholders  reduced as a result of the debt  conversions  of
certain  stock  holders  to equity  not fully  offset by  continued  loans  from
stockholders.  The Company also retired $93,100 of obligations in first quarter,
$25,000 in second quarter, $34,000 in third quarter by issuing shares of commons
stock.

Certain creditors of the company's Tiger Europe Ltd. have made formal demands on
the Company for repayment of  indebtedness  for services or products  ordered by
the  company.  To date,  the  company has been able to meet those  demands  with
payments or enter into acceptable  payment  arrangements but without  additional
funding  these  demands  can not be met in the  future.  There  is also  certain
pending  litigation  and other issues  facing the Company as disclosed in Note K
Subsequent Events.

The Company does not have any bank loans or lending facilities.  The Company has
obtained loans from stockholders and raised additional financing through private
placements  of  shares of  common  stock  principally  from  accredited  foreign
investors. See also Note K Subsequent Events. On August 9, 2002 the Company sold
the assets of the flooring  division  including this  inventory,  which improved
liquidity  requirements during the balance of 2002 and in its quarter of 2003 as
the purchaser retired certain  obligations which were removed from the Company's
balance sheet. The Company continued to issue shares of Common Stock in the nine
months ended  September  30, 2003 and in the  subsequent  quarter of quarters of
2003 to retire certain obligations due for payment.

<PAGE>

The Company  incurred  operating  losses in 2002 and in the first nine months of
2003 of $(13,500,000) and $(2,377,033)  respectively.  The losses were at a much
lower  rate in 2003  due to  cost  reductions  and  divestures  of  unprofitable
concerns.  Since the Company was not able to  generate  positive  net cash flows
from operations,  additional capital was needed.  This capital has been provided
by certain principal stockholders,  who have funded the Company through loans as
needed, and from the sale of Common Stock and warrants through private placement
and other  share  subscription  agreement  transactions  as  detailed in Note C.
Equity Transactions and Note K Subsequent Events.

In October 2002,  certain  stockholders  converted $455,176 of debt into Company
Common Stock which reduced debt and improved liquidity in the balance sheet. The
Company  anticipates  further  cash  assistance  in the form of  loans  from its
stockholders to assist in liquidity while the Company raises additional  capital
although  no  assurances  can be given  that  they  will be able or  willing  to
continue such support.  The sale of the assets of the flooring segment on August
9, 2002 helped  liquidity as liabilities  assumed were less than assets sold and
the Company no longer required to fund the operating  losses and working capital
needs of that flooring segment going forward.

The Company continued to obtain funding through equity  transactions as detailed
in Note C Equity  Transactions  and Note K Subsequent  Events.  This funding has
allowed the Company to maintain its business and to continue the development and
launch of its Gizmondo product line.

The Company evaluated the business of its acquired assets of Comworxx  (acquired
on June 25, 2002 by the wholly owned  subsidiary  Tiger USA,  Inc), to determine
the  appropriate  time if ever to launch these  products  full scale in the U.S.
Based on a post  acquisition  evaluation  of the assets and market  position  of
Tiger USA, the Company  determined  that the goodwill from the  acquisition  was
impaired wrote it down in full in Second  Quarter 2002. The Company  effectively
mothballed the operations of Tiger USA and discontinued  those  operations,  and
sold the assets in partial  payment to the landlord of the facility  used by the
business  assets  bought by Tiger USA.  The Company  retained  legal  counsel to
review its options  under the purchase  agreement  that  acquired  these assets.
Although over a year has gone by, the Company is in recent  serious  discussions
with the seller for the company's concerns of potential misrepresentation in the
purchase  agreement  that Comworxx was a viable  business and to settle  certain
payments  they allege are called for under the Purchase  Agreement.  The Company
has had  numerous  discussions  with the  sellers  in  regards  to a  settlement
agreement  and such  discussions  are being  continued  to settle the dispute by
issuing common shares of the Company...

The Company will seek to raise additional equity financing or alternate trade or
bank financing as needed to fund the  development and the launch of the Gizmondo
product as needed. However, there can be no assurance this additional capital or
other form of financing will be available,  or if available on terms  reasonably
acceptable to the Company.

The Company anticipates that it will meet its liquidity of capital needs for the
next twelve months through equity  financing but no assurances can be given that
this will occur.  As the company  continues  to  experience  negative  operating
results in 2004, the Company's  liquidity will remain  strained.  The Company is
dependent upon financing from its shareholders and from the sale of common stock
of the company.  The Company has been in  discussions  with various  parties for
various  types of trade  financing  to begin  upon the  launch  of the  Gizmondo
product. There can be no assurances that the Company will be able to continue to
obtain  this  or  alternate  funding  from  external  sources.  There  can be no
assurance that additional  capital beyond the amounts  forecasted by the Company
will not be required or that any such  required  capital  will be  available  on
terms acceptable to the Company, if at all, at such time or times as required by
the Company.

<PAGE>

Part II.
                             TIGER TELEMATICS, INC.
                                OTHER INFORMATION



Item 1.     Legal Proceedings

         Not applicable

Items 2.    Changes in Securities and Use of Proceeds

         Not applicable.

Item 3.     Defaults Upon Senior Securities

         Not applicable

Item 4.     Submission of Matters to a Vote of Security Holders

         Not Applicable

Item 5.     Other Information


Item 6.     Exhibits and Reports on Form 8-K

            Exhibit 31 Form 302 Certification.
            Exhibit 32 Certification Section 906 of Sarbanes-Oxley Act of 2002




SIGNATURES

Pursuant  to the  requirements  of the  Securities  Exchange  Act of  1934,  the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned, thereunto duly authorized.

TIGER TELEMATICS, INC.

/S/ Michael W. Carrender       Chief Executive Officer, Director      May 3,2004
--------------------------     and Chief Financial Officer
Michael W. Carrender           For the Registrant